they are NOT.  I'm looking at the file system, not Poser.  The old content directory is gone.  not hidden, not renamed.  Gone.

My contents was setup as follows:

/Users/Shared/Poser Content

The installer told me it was putting the content into /System.  I did not want it there.  I wanted /Users/Shared/Poser Pro 2012 Content.  So I selected Shared as the target.  And, indeed, it created the directory.  But my old directory is gone.  I'm pretty sure I didn't delete it myself.  I checked my trash, and lots of other files are there which i deleted PRIOR to the installation (including bits from the old Poser Content directory).  However, the Poser Content directory is NOT there.  So I did not delete it accidentally using the GUI - it would be in the unemptied trash.  I would have to rm -Rf /Users/Shared/Poser Content to "accidentally" remove it at the command line.  I can't see doing that by mistake.  Something is seriously messed up.

Looking through the info the installer leaves in syslog, (which is not very verbose, for an install log) I can see the call to cmod permissions on the new content directory.  But not really any other information.  Poor installation logging  Every single step should be in syslog.

In fact, my file system reads 35GB more space after the installer running.  I had 64GB free prior to installation, 99GB free after installation.  So the 35GB disappeared then.

So, I'll have to restore from my last sync (thank GOD I backup).  It'll take a while to copy 35GB back over.